RBC Wealth Management, part of Royal Bank of Canada, announced the appointment of Terence Chow to the role of head, RBC Wealth Management – Asia, effective November 1.
Chow, who is based in Hong Kong, joined RBC 15 years ago and has held a number of senior roles with the organization, primarily focused on strategy, execution, planning and operations for RBC Wealth Management and RBC Capital Markets in Toronto and New York. Since February 2019, Chow has held the role of chief operating officer, RBC Wealth Management – Asia.
“Chow’s significant experience across RBC will support our commitment to serving the complex needs of the high net worth and ultra-high net worth clients we work with in Asia,” said Guzman. “As we focus on further strengthening our position in a competitive market, Chow’s ability to build and leverage global partnerships to deliver the best of RBC to our clients will bolster the exceptional service we provide in the region,” he says.
Chow’s appointment comes as Peter Corry has advised of his decision to retire from RBC following more than 22 years of service, the last three years of which have been as head, RBC Wealth Management – Asia.
“I want to extend my sincere thanks to Corry for his leadership and dedication to successfully positioning our wealth management business in Asia for growth, while delivering significant value and new opportunities for our clients in the region. Following such a distinguished career with our organization, I wish him the very best in the next phase of his life,” says Guzman.
With this leadership change, Mike Reed, chief executive, RBC Singapore Branch, will lead RBC Wealth Management’s Singapore office and South East Asia private banking team, reporting to Chow.